Email to a friendMedia Views
Sacramento News & Review: The Media, the Market & McClatchy (5/18/06) by R.V. Scheide
Doubts about whether "business and journalism make such a great mix" are strengthened by the fact that despite the Knight Ridder chain returning a 16 percent profit in 2005, "stockholders rewarded owner Anthony Ridder by forcing him to sell the family business to McClatchy." Despite McClatchy immediately dismembering the chain that produces "an enviable return for just about any other industry," one journalism professor says, "If the devil is going to buy your newspaper, the McClatchy devil is better than the Gannett, Knight Ridder or the Singleton devil.... Singleton, that son of a bitch, he cut, cut, cuts.” Compare the newspaper business' outstanding profit margins for yourself.
FAIR does not endorse every opinion expressed or vouch for facts presented here, except by ourselves. Send link suggestions to jnaureckas@fair.org.
